983-987 South Orange Avenue Newark, NJ $ 930,000
983-987 South Orange Avenue
$ 930,000
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983-987 South Orange Avenue

Newark, NJ, 07106
$ 930,000
Baths0.0

Monthly Estimate*

$ 6,496

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Studio

Commercial Property for sale in Newark, NJ

for $930,000.

Bring your ideas! An amazing investment opportunity in the heart of Newark's West Ward. This Spanish Atmospheric style theater was named for the Warner Brothers-owned circuit that built it. Frank Grad was the architect, with interior decoration by Landish Studios. The Stanley Theater first opened in 1927, By the early 1970s, the Stanley Theater was no longer profitable and got sold to an Italian-American cultural organization that turned it into a social hall called Casa Italiana. The Atmospheric style decor was retained, but the single floor auditorium was cleared of seats so it could be used for dining and dancing. Since 1980 it has been Newark Tabernacle. A few blocks from Seton Hall location has high foot traffic and is an intersection for 2 major avenues. While the building has historical value, its location begs for the creative ideas of its future owner. The value is in the land and space that pictures cant do justice.

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Commercial Contingent

Price

$ 930,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 9,999

Style

Office

Town/City

Newark

County/Region

Essex

MLS | Web ID

23013627

Features
Exterior
Waterfront None
Flood Plain None
Substyle Other
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General
Area 0714
Style Office
Status UNDER CONTRACT
Utilities O/See Rmks
Complex Name None
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Interior
Heating/Cooling Gas
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* Excluded Features

Affordability Calculator

$7,330
Per Month
89%
11%
0%
Monthly Principal & Interest
$6,496
Monthly Property Taxes
$833
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
843640 Elementary School
843641 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/9/2023$930,000 Listed Price

Map


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983-987 South Orange Avenue, Newark, NJ, 07106 is a Commercial Property for sale at $930,000. 983-987 South Orange Avenue is a studio with 0.0 baths. The property's zip code is 07106 which is in Newark, NJ